South Africa's Gupta-owned Oakbay says Gordhan affidavit flawed

South Africa's Oakbay Investments said on Tuesday that a court application by Finance Minister Pravin Gordhan linking the firm and its owners, who have close ties to President Jacob Zuma, to suspicious transactions was flawed.
The statement comes days after Gordhan said in a court affidavit that 6.8 billion rand (399.40 million pound) in payments made by Ajay, Atul and Rajesh Gupta and companies they control and other individuals with the same surname had been reported to authorities as suspicious since 2012.
The three Indian-born businessmen are the subject of an official investigation by... read more